Noah Holdings Ltd Stock Forecast
On Thursday, Noah Holdings Ltd stock price gained an impressive 7.83%
(Updated on May 02, 2024)
The Noah Holdings Ltd stock price gained 7.83% on the last trading day (Thursday, 2nd May 2024), rising from $12.14 to $13.09. During the last trading day the stock fluctuated 6.94% from a day low at $12.47 to a day high of $13.34. The price has risen in 6 of the last 10 days and is up by 9.08% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 119 thousand more shares were traded than the day before. In total, 192 thousand shares were bought and sold for approximately $2.51 million.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $13.58 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.89% during the next 3 months and, with a 90% probability hold a price between $11.52 and $14.79 at the end of this 3-month period.
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NOAH Signals & Forecast
The Noah Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.43 and $11.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 12.65%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Noah Holdings Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.86 and $11.43. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Noah Holdings Ltd finds support just below today's level at $11.86. If this is broken, then the next support from accumulated volume will be at $11.43 and $10.15.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.87 between high and low, or 6.94%. For the last week, the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: $12.57 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (NOAH) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Noah Holdings Ltd to open at $12.97, and during the day (based on 14 day Average True Range), to move between $12.54 and $13.64, which gives a possible trading interval of +/-$0.546 (+/-4.17%) up or down from last closing price. If Noah Holdings Ltd takes out the full calculated possible swing range there will be an estimated 8.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.25 (1.22%) than the support at $11.86 (9.40%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Noah Holdings Ltd stock A Buy?
Noah Holdings Ltd holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.855 Strong Buy Candidate Upgraded
Predicted Opening Price for Noah Holdings Ltd of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $12.97 ( 0.93%) | $13.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOAH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.83 | 5.68 % | |
| R2 | 13.50 | 3.15 % | ||
| R1 | 13.30 | 1.59 % | ||
| Current price: | 13.09 | |||
| Support | S1 | 12.64 | -3.46 % | |
| S2 | 12.43 | -5.02 % | ||
| S3 | 12.10 | -7.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.31 | 1.68 % | |
| R2 | 13.27 | 1.38 % | ||
| R1 | 13.25 | 1.22 % | ||
| Current price | 13.09 | |||
| Support | S1 | 11.86 | -9.40% | |
| S2 | 11.43 | -12.68% | ||
| S3 | 10.15 | -22.46% |
NOAH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2023 | Jun 26, 2023 | Jul 21, 2023 | $0.400 | 2.70% |
| 2 | Feb 26, 2013 | Mar 18, 2013 | Apr 09, 2013 | $0.140 | 1.94% |
| 3 | Mar 07, 2012 | Mar 28, 2012 | Apr 16, 2012 | $0.140 | 1.85% |
FAQ
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